EX-99.1 2 jbgs-20250429xex99d1.htm EX-99.1 JBGS Divider Management Letter April 29, 2025 Our Fellow Shareholders: The past few months have brought continued uncertainty and buffeting headwinds to the DC metro economy. As we expressed last quarter, it remains too early to tell how political events will impact economic activity, but a few themes are emerging. First, DC seems headed for some sort of slowdown in economic growth. This slowdown may result from layoffs (if the high end of announced government cuts actually occurs) or it may result from curtailed consumer behavior in anticipation of expected layoffs (even if the high end doesn’t materialize or is rolled back in some way). Again, too early to tell. While market participants wait to see how things unfold, investment behavior and decision making has slowed but not stopped. Where this goes from here will be entirely dependent upon political events and the market’s response to them. Amidst all this turmoil, we remain focused on the same thing that has always guided our actions: maximizing long-term NAV per share. Our most important role in the service of that mission is that of capital allocator. With deep expertise in…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
JBG SMITH Properties
JBGSNYSEEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On April 29, 2025, JBG SMITH Properties (the “Company”) announced its financial results for the three months ended March 31, 2025. The Company also released a Quarterly Investor Package, which contains a letter to shareholders, the earnings press release and supplemental information.…
Company context
JBG SMITH owns, operates, and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets in and around Washington, DC, most notably National Landing, where through our focus on placemaking, we cultivate vibrant, highly amenitized, walkable neighborhoods. JBG SMITH's portfolio comprises 11.8 million square feet at share of multifamily, office, and retail assets, and a 3.5 million square-foot development pipeline. For more information on JBG SMITH please visit www.jbgsmith.com.